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Putting the success into succession - A qualitative study of the factors behind a successful succession in a Swedish family business

Bergendahl, Emelie LU ; Gallina, Bianka LU and Herstedt, Johanna LU (2017) FEKH49 20171
Department of Business Administration
Abstract
The purpose of this paper is to deepen the understanding of how family businesses can succeed in the process of succession by illustrating a successful succession within a family business in Sweden. In order to reach the paper’s purpose, a qualitative study was conducted in the form of semi-structured interviews. The study has adopted a social constructionist and interpretive approach. The study is based on previous research of family business which is followed by theoretical framework of succession within family businesses. The empirical material consists of interviews with the founder, the successor, one of the successor’s brothers, an external board member of Green Investments as well as a CEO with one of Green Investments’... (More)
The purpose of this paper is to deepen the understanding of how family businesses can succeed in the process of succession by illustrating a successful succession within a family business in Sweden. In order to reach the paper’s purpose, a qualitative study was conducted in the form of semi-structured interviews. The study has adopted a social constructionist and interpretive approach. The study is based on previous research of family business which is followed by theoretical framework of succession within family businesses. The empirical material consists of interviews with the founder, the successor, one of the successor’s brothers, an external board member of Green Investments as well as a CEO with one of Green Investments’ subsidiaries. Green Investments is a family business based in Sweden and possesses about twenty subsidiaries and associate companies which operate in a wide range of fields.
We develop a managerial guideline consisting of seven factors for a successful succession in a family business and add a supplementary factor, sibling satisfaction, which has previously been overlooked. (Less)
Abstract (Swedish)
Syftet med uppsatsen är att fördjupa förståelsen av hur familjeföretag kan lyckas under successionsprocessen genom att illustrera en framgångsrik succession i ett familjeföretag i Sverige. För att nå syftet genomfördes en kvalitativ studie i form av semistrukturerade intervjuer. Studien har haft en socialkonstruktionistiskt och tolkande utgångspunkt.
Studien är baserad på tidigare forskning om familjeföretag som följs av ett teoretiskt ramverk om succession inom familjeföretag. Det empiriska materialet består av intervjuer med grundaren, efterträdaren, en bror till efterträdaren, en extern styrelseledamot i Green Investments samt en VD för ett av deras dotterbolag. Green Investments är ett familjeföretag med säte i Sverige och har ca 20... (More)
Syftet med uppsatsen är att fördjupa förståelsen av hur familjeföretag kan lyckas under successionsprocessen genom att illustrera en framgångsrik succession i ett familjeföretag i Sverige. För att nå syftet genomfördes en kvalitativ studie i form av semistrukturerade intervjuer. Studien har haft en socialkonstruktionistiskt och tolkande utgångspunkt.
Studien är baserad på tidigare forskning om familjeföretag som följs av ett teoretiskt ramverk om succession inom familjeföretag. Det empiriska materialet består av intervjuer med grundaren, efterträdaren, en bror till efterträdaren, en extern styrelseledamot i Green Investments samt en VD för ett av deras dotterbolag. Green Investments är ett familjeföretag med säte i Sverige och har ca 20 dotter- och intressebolag som verkar inom ett brett spektrum av områden. Vi utvecklar ledningsriktlinjer som innehåller sju faktorer samt ytterligare en faktor som tidigare förbisetts, syskon konsensus, för en framgångsrik succession i ett familjeföretag. (Less)
Popular Abstract
Many of the larger family businesses in Sweden are in the process of transitioning into a new generation of leaders as a result of baby boomers retiring. Previous research shows that there are few family businesses which manage to transfer and develop the next generation’s leaders but has acknowledged some factors shaping a succession. These factors include aspects of the successor, such as background, traits and motivation as well as the founder, in terms of attitude and a potential overshadowing effect. In addition, the company culture and positive family climate have also been recognized as important aspects influencing a succession.

Thus, the purpose of this paper is to deepen the understanding of how family businesses can succeed... (More)
Many of the larger family businesses in Sweden are in the process of transitioning into a new generation of leaders as a result of baby boomers retiring. Previous research shows that there are few family businesses which manage to transfer and develop the next generation’s leaders but has acknowledged some factors shaping a succession. These factors include aspects of the successor, such as background, traits and motivation as well as the founder, in terms of attitude and a potential overshadowing effect. In addition, the company culture and positive family climate have also been recognized as important aspects influencing a succession.

Thus, the purpose of this paper is to deepen the understanding of how family businesses can succeed in the process of succession by illustrating a successful succession within a family business in Sweden. Our expectation is to produce managerial guidelines for a successful succession process, applying seven factors from the literature and the additional factor of sibling satisfaction which has been previously overlooked. Therefore, the following research question was formulated: what factors shape a successful succession in Green Investments? (Less)
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author
Bergendahl, Emelie LU ; Gallina, Bianka LU and Herstedt, Johanna LU
supervisor
organization
course
FEKH49 20171
year
type
M2 - Bachelor Degree
subject
keywords
Family business, succession, managerial guidelines, sibling satisfaction, success factors
language
English
id
8912185
date added to LUP
2017-06-27 17:09:28
date last changed
2017-06-27 17:09:28
@misc{8912185,
  abstract     = {The purpose of this paper is to deepen the understanding of how family businesses can succeed in the process of succession by illustrating a successful succession within a family business in Sweden. In order to reach the paper’s purpose, a qualitative study was conducted in the form of semi-structured interviews. The study has adopted a social constructionist and interpretive approach. The study is based on previous research of family business which is followed by theoretical framework of succession within family businesses. The empirical material consists of interviews with the founder, the successor, one of the successor’s brothers, an external board member of Green Investments as well as a CEO with one of Green Investments’ subsidiaries. Green Investments is a family business based in Sweden and possesses about twenty subsidiaries and associate companies which operate in a wide range of fields.
We develop a managerial guideline consisting of seven factors for a successful succession in a family business and add a supplementary factor, sibling satisfaction, which has previously been overlooked.},
  author       = {Bergendahl, Emelie and Gallina, Bianka and Herstedt, Johanna},
  keyword      = {Family business,succession,managerial guidelines,sibling satisfaction,success factors},
  language     = {eng},
  note         = {Student Paper},
  title        = {Putting the success into succession - A qualitative study of the factors behind a successful succession in a Swedish family business},
  year         = {2017},
}